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20121116
20121116
Search Results 0 to 19 of about 20 (some duplicates have been removed)
spending because the proposal so far, a prominent democrats in the nancy pelosi in the house, not touching entitlements, the sentiment among some of these liberal senators who want to a get 30 signatures on this letter. don't touch pretty much any spending. >> and you are looking at the market today, continuing to sell-off. and we are entering into correction territory. some people we will scream this market is oversold. the reaction it was too fierce. the presidential election, but something to point out, if you look back at history typically after a presidential election you normally get a bump in the market because there is certainty brought to the market. republican or democrat, it's over. but this time not the case. there is just no certainty for companies or investors. you do have this mass exodus from the stock market right now from everything for that matter. leaving gold, oil, everything. neil: how long do we expect this to last? i can understand, you know, getting over the confusion and then the shock that they are still fighting in still hate each other, as if that should war an
senators harry reid and nancy pelosi have opposed that idea in the past. he says the president can get them to budge. >> yeah, the president essentially wants what he calls balance. either you increase revenue or you, you know, decrease the spending or you try to find some type of balance. when he gets into these democratic side, they don't want programs to be cut on the backs of, let's say, the recipients, middle class recipients. here's nancy pelosi and how she explains that. >> whatever adjustments would be made in social security should be there to strengthen social security, not to subsidize a tax cut for the wealthiest people in america and say that's how we balance the budget. the same thing with medicaid and medicare. again, we have said we support a grand bargain. >> grand bargain. so right now, i think you'd have to say the democrats feel that after the election, they have some type of mandate. the republicans obviously don't agree, but the democrats want to strike while the iron is hot. the president certainly wants to come to a deal as quickly as possible. time really is running
about what transpired. let's listen to house minority leader nancy pelosi. >> lifting the spirits and confidence in our country we will have an economic downturn that must be avoided. we understand our responsibility there. we understand that it has to be about cuts. it has to be about revenue. it has to be about growth. it has to be about the future. so as we cut investments and as we talk about revenue, we have to do so in a way that promotes growth and supports the future. it was good. i feel confident that a solution may be in sight. mitch? >> i can only echo the observations of the other leaders it was a constructive meeting. we all understand where we are. i can say on the part of my members that we fully understand that you can't save the country until you have entitlement programs that fit the demographics of the changing america in the coming years. we're prepared to put revenue on the table, provided we fix the real problem. even though most of my members, i think without exception believe that we're in the dilemma we're in not because we tax too little but because we sp
this time around, those red states would send the numbers that nancy pelosi needs to become speaker again. and that's going to happen if the republicans keep thinking like mitt romney. >> you know, that's the question, ashley, and that is as you see the demographic changes, younger voters tend to be more liberal. we have a lot of hispanic people moving into the country, having a lot of kids and voting and being citizens, becoming part of the political process more than ever. and you have african-american voters, an african-american president, but there are other factors that have led them to the democratic party potentially. you see a lot of potential for the democratic party to grow. then when you add insult to injury, the other party says you were all bought, it seems to me that would just sort of fortify the democratic tendencies of the people we're talking about here. >> well, it's unclear what wing of the republican party mitt romney, you know, is going to be representing going forward, and i think that's one of the reasons you saw -- >> the mayor says he's out of business. i'm not s
squishy. listen to the democratic leader of the house nancy pelosi. >> we're open to a grand bargain and however we get to the place where we can have significant deficit reduction now the president campaigned on the 250. american people support that. i think that's where a good deal of leverage is. >> in other words the democrats will settle for just taxes going up and people making more than a million dollars. $1 million. that will be the final deal. president obama, a lot of folks in washington as we prepare for a hearing this morning on benghazi and general petraeus who is going to be testifying this morning a lot of people still talking about the dust up between republicans and the obama administration over susan rice. she went out on the sunday talk shows and got some of the information wrong about what happened in benghazi. president obama on wednesday strongly defended her in the wake of attacks from senators john mccain and lindsey graham. >> obama: if senator mccain and senator graham and others want to go aft
president obama and the four top congressional leaders john boehner, nancy pelosi, harry reid, mitch mcconnell all will begin talks at the white house. cnn's jill dougherty is following those developments for us this morning. she's in our washington, d.c. bureau. good morning, jill. >> hello, soledad. well, this is it. both sides are going to be there. they're looking at the tone. they're looking at the president, what kind of tone will he set? you have to say that they're coming in both sides with their essential positions intact. all, both sides are saying that there is some room for a compromise. so, the essential thing is how do you compromise? if you look at the positions, let's say, of the republicans, and it's most strongly, as i say, relayed by senator mitch mcconnell, he does not, and they do not, want any tax increases. so let's listen to him first. >> and let's be clear, an opening bid of $1.6 trillion of new taxes just isn't serious. it's more than simpson-bowles or any other bipartisan commission has called for. it's been unanimously rejected in the house and senate, it's t
but nancy pelosi saying we have to have cuts. >> about as good as you can expect at an hour or two. >> especially talking about the possibility of getting this done, not at the very last minute but with some room to spare. i don't know what getting it done but it means having all of the elements of a deal completed or whether it means a mechanism or getting it done in the early part of next year but i think every sign that we just got out of the meeting was positive. >> let's bring in senator kent conrad of north dakota. had a busy day already. thank you for being with us. >> you bet. >> i'm sure you were able to hear senator reid say we won't wait until the last day of december, working through the thanksgiving recess. do you agree with john that this was a good first step? >> extremely positive. i'm even more encouraged. you know, i felt all along there's a good chance to arrive at a framework agreement in this lame duck session, lay out the size of the package, how it would be distributed to how much to cut in spending and raise in revenue. lay all that out before the end of the
leaders to avoid the fiscal cliff. boehner and mcconnel and nancy pelosi and harry reed reed. without a deal billions of tax increases go into affect january 1st. and those are your head lines. i would like to be a fly on the wall for that meeting. >> brian: there is shock waves across the markets. coming in way above expectations, remember that explanation. hurricane sandy's fault. everyone gets fired when a hurricane hits? what kind of logic is that. >> a crash scene with a baby girl trapped in the twisted metal. but you haven't seen the hero that jumped inside to save her, he's coming up this hour. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. it's a new way to get cash back deals, and it's called bankamerideals! i sign into my online banking... click the "cash back deals tab"... and pick the deals i want. i just use my bank of america debit or credit card when i pay,
connell and house speaker john boehner and nancy pelosi. they're all going to try to make some progress in coming to an agreement in how to increase revenue and decrease spending before the tax cuts expire for everyone and pre-determined spending cuts kick in automatically. the president said he's willing to compromise but not if it means protecting the top 2% from paying their fair share. "huffington post" reports that a coalition of labor groups are mounting a campaign to put pressure on coming to a progressive solution to avoid the fiscal cliff. they would air ads targeting house republicans and some senate democrats they say protect healthcare, education social security and rely heavier on higher tax it was. peter king spoke briefly with report he is this morning following general david petraeus' testimony behind closed doors. did he not give many details stating it's an ongoing investigation. >> they now clearly believe that it did not arise out of a demonstration. it was not spontaneous and it was clear terrorist involvement. >> she's talking about the september 11th attack on our consulate
until the last day of september, and house minority leader nancy pelosi said the goal is to get it done before christmas. we should be so lucky. >> we should be so lucky. holidays are coming up. it is a beautiful back grdrop b you look a little chilly. >> it is a little cold. >> brianna keilar, thank you. >>> what do fiscal cliff talks mean for your money? for your 401(k)? wall street investors might get nervous if talks aren't wrapped up quickly. i want to bring in time magazine's assistant managing editor, rana faruhar. you say some key people are worried next about what is coming up with stocks and bonds, why is that? >> a lot of the top investors in country see that the market has been down. there are major worries still about the fiscal cliff. i wish i could be as optimistic as some, but frankly i'm becoming a little bit worried. i think the issue of tax hikes for the rich in particular is going to be very politically contentious and there are worries we may not make that interviewer deadline and, in fact, if we go over it and stay over it for a few months, we could see the u.s. go
Search Results 0 to 19 of about 20 (some duplicates have been removed)